Integra closes $61.61M (U.S.) bought deal offering

Executive Summary

• Integra Resources Corp. has closed a bought deal public offering of 18,121,600 common shares at $3.40 USD per share, generating gross proceeds of $61,613,440 USD.
• The offering included the full exercise of the underwriters' overallotment option and was led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc.
• Net proceeds will be used to finance pre-production capital expenditures at the DeLamar project, specifically for procurement, early works, and land purchase.

Key Details

• Transaction Structure: Bought deal public offering of common shares.
• Shares Issued: 18,121,600 common shares.
• Price: $3.40 USD per common share.
• Gross Proceeds: $61,613,440 USD (including full exercise of overallotment).
• Underwriters: Co-lead underwriters and joint bookrunners were Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc. The syndicate included ATB Capital Markets Corp., Desjardins Securities Inc., and Raymond James Ltd.
• Underwriting Fees: 5% cash fee on aggregate gross proceeds (excluding purchasers on the president's list, for which a 2.5% fee was paid).
• Regulatory Filings: Offered pursuant to a final prospectus supplement dated Feb. 4, 2026, to the short form base shelf prospectus dated Jan. 16, 2024. Filed in all Canadian provinces except Quebec and in the US via Form F-10 (File No. 333-276530).
• Use of Proceeds: Financing pre-production capital expenditures at the DeLamar project, including procurement work, early works, and land purchase.
• Project Context: The financing follows significant permitting milestones in early 2026, including a 15-month NEPA permitting timeline and FAST-41 project designation, as well as the recent filing of the DeLamar project feasibility study.

Notable Quotes

• George Salamis, President, CEO and Director: "Following significant permitting milestones in early 2026 -- including receipt of a 15-month NEPA permitting timeline and FAST-41 project designation from U.S. federal regulators -- together with the recent filing of the DeLamar project feasibility study, this oversubscribed financing positions Integra to capitalize on a clear execution window. The feasibility study has defined the early works that can advance ahead of a record of decision, enabling us to fund procurement, land acquisition, and other low-risk activities that shorten the development timeline and reduce execution risk at DeLamar. Raising capital from a position of strength, supported by permitting visibility, reflects a disciplined approach that enhances project readiness, lowers future financing risk and supports a more efficient path toward a construction decision while minimizing long-term shareholder dilution."